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Mar 12, 2013
03/13
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CSPAN
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are taxing hours? we think the current tax code is destroying jobs, job growth, opportunity. it is making america much less competitive. that is why our committee is proposing a framework to plug loopholes, balanced tax rates, so that people can get to work again. >> does this reflect a shifting approach? >> our defense spending level reflects with the president's joints chiefs -- the presidents joint chiefs said is necessary to fund the mission of the pentagon. our first priority of the federal government is national defense. we are funding at levels that are necessary to maintain national security for the country. last one. >> last week you are talking about how the fiscal cliff deal and other improvements at the baseline major job easier in getting steps to balance the budget. what are those steps? >> we extend the budget control act discretionary caps out the last two years. we also wanted to extend our reforms on the public workforce, on federal employees, to include all federal employees at the e
are taxing hours? we think the current tax code is destroying jobs, job growth, opportunity. it is making america much less competitive. that is why our committee is proposing a framework to plug loopholes, balanced tax rates, so that people can get to work again. >> does this reflect a shifting approach? >> our defense spending level reflects with the president's joints chiefs -- the presidents joint chiefs said is necessary to fund the mission of the pentagon. our first priority...
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115
Jan 25, 2013
01/13
by
MSNBC
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tax man? >> don't put it all on steve. >> i don't mind lowering your taxes as long as you're willing to have me lower your benefits because the numbers -- ultimately the math has to add up. joe, you are the great deficit hawk of all time. >> i am. >> you believe we should not be incurring this debt, so we've got to do something. >> right. >> what is that something? we have an aging society with a large commitment to social welfare programs that the public does not want to see materially reduced. you may want to, but the polls say the public does not want to see them materially reduced. >> by the way -- >> where is all this money going to come from? >> it's not about what i don't want or want. this is basic arithmetic. the deficit, the debt that is incurred by medicare and medicaid in the out years, it just can't be made up, even in a small part by increasing taxes on the margins anymore. i mean, you could take the tax rate up to 95%, perhaps. >> well, you don't have to go that high. the math h
tax man? >> don't put it all on steve. >> i don't mind lowering your taxes as long as you're willing to have me lower your benefits because the numbers -- ultimately the math has to add up. joe, you are the great deficit hawk of all time. >> i am. >> you believe we should not be incurring this debt, so we've got to do something. >> right. >> what is that something? we have an aging society with a large commitment to social welfare programs that the public...
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96
Mar 17, 2013
03/13
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CNNW
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$3 million would pay $203,000 less in taxes if they give up all their tax breaks. if they don't, they pay $345,000 less. so senator, the problem with the proposal is he doesn't say where he'll make up for the lost revenue. where do you get a sense the cuts are going to come from? >> well, in terms of the budget that was proposed by the house of representatives, cuts are coming primarily or savings are coming primarily from reform of social security, medicaid, and reform of medicare as well as cuts in discretionary spending, moving some of them away from defense and other areas of government. the difference in the two budget, the ten-year prospect of that passed in the house of representatives is $41 trillion spending over ten years. the senate budget, which was just approved thursday night by the senate budget committee, spends $46 trillion. so you've got two differences. the senate is trying to spend more. house republicans are trying to be more efficient. >> let me ask you this, senator. president obama is trying a new strategy. he's reaching out to congress, hol
$3 million would pay $203,000 less in taxes if they give up all their tax breaks. if they don't, they pay $345,000 less. so senator, the problem with the proposal is he doesn't say where he'll make up for the lost revenue. where do you get a sense the cuts are going to come from? >> well, in terms of the budget that was proposed by the house of representatives, cuts are coming primarily or savings are coming primarily from reform of social security, medicaid, and reform of medicare as...
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1.4K
Mar 10, 2013
03/13
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FOXNEWSW
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>> we already had a tax increase. we think it is unfair to ask hard working taxpayers to pay more so washington can spend more. we think we he should balance the budget. >> chris: but you know that is what he wants. >> we do have a difference of opinion on that. the other problem is this by continuing to raise taxes to fuel more spending you will never get tax reform which is critical for economic growth and job creation. yes, we have an impasse right now which is the president wants to continue raising taxes not for deficit reduction but to fuel more spending and we see tax reform as an incredibly important goal and policy to getting progrowth economics and getting businesses growing again and hiring people. tax reform to us is an economic growth generating exercise. tax reform for the president so far seems to be a spend ising growth exercise. a revenue generating exercise >> chris: bottom line what do you. >> we don't want to raise taxes because we just did raise taxes chris bottom line what do you think of the cha
>> we already had a tax increase. we think it is unfair to ask hard working taxpayers to pay more so washington can spend more. we think we he should balance the budget. >> chris: but you know that is what he wants. >> we do have a difference of opinion on that. the other problem is this by continuing to raise taxes to fuel more spending you will never get tax reform which is critical for economic growth and job creation. yes, we have an impasse right now which is the...
1,362
1.4K
Mar 15, 2013
03/13
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CSPAN2
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no amount of taxes can prop us up, even with chris minow promised tax hikes the deficit will be nearly trillion dollars in 2023. the answer is very clear. we have to fix entitlements and grow the economy. our budget takes the steps but also confronts a better challenge. our debt is a sign of overreach. it's a sign the federal government is doing too much. when government estimates, it doesn't do anything well. we need to make this point more often. we don't see the debt as an excuse to cut, to shirk obligations. we see it as an opportunity to reform government, to make it leaner and more effective. that's what conservatives stand for. that's who we are. [applause] a balanced budget is a reasonable goal because the returns government to proper limits and focus. the government overreaches, it doesn't just her paychecks. it hurts our quality of life. we need to make room for communities, for the vast middle ground between the government and individual. we need to remember that people don't find happiness in grim isolation or by government fiat. they find it through friendship, true for a
no amount of taxes can prop us up, even with chris minow promised tax hikes the deficit will be nearly trillion dollars in 2023. the answer is very clear. we have to fix entitlements and grow the economy. our budget takes the steps but also confronts a better challenge. our debt is a sign of overreach. it's a sign the federal government is doing too much. when government estimates, it doesn't do anything well. we need to make this point more often. we don't see the debt as an excuse to cut, to...
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Mar 10, 2013
03/13
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CSPAN
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gains taxes. we have been trying for how many years to get rid of that? that is a loophole. >> on the questions of the sequester, it seems like there is not a lot of appetite to into the sequester. immediately it seems like the parties cannot agree on how to use the spending cuts. what is the end came? do you think it'll stay in place? >> i am not sure. i think appetite may increase will see the consequences. when we see the defense impact. when we see the impact on education. let me give you an example in terms of health research. our family has been involved, my late wife at nih, for 20 something years. she ran a peer review group. in the earlier days when 100 grant applications came in, this was in child mental health, now it is two or three out of 100. there is his regular similar pattern in terms of straight medical research. we all depend on it. it the sequester begins to hit nih, i think there will be a realization that just letting it happen, it is not a home run. as we see the consequence
gains taxes. we have been trying for how many years to get rid of that? that is a loophole. >> on the questions of the sequester, it seems like there is not a lot of appetite to into the sequester. immediately it seems like the parties cannot agree on how to use the spending cuts. what is the end came? do you think it'll stay in place? >> i am not sure. i think appetite may increase will see the consequences. when we see the defense impact. when we see the impact on education. let...
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1.1K
Dec 11, 2013
12/13
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CSPAN
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point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. look this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement is because it's not easy to do. we know we're not going to get everything we want and she's not going to get everything she wants. >> [inaudible] why would house conservatives vote against it? >> i think conservatives should vote for it. i think we'll have a healthy vote in the house republican caucus. i think we'll pass this in the house. we'll go first, given our schedules. we will post this on our website today, this evening. and we intend to bring it to the house floor later on this week. i have every reason to expect great support from our caucus. because we are keeping our principles. the key here is, nobody had to sacrifice their core principles. our principles are don't raise taxes, reduce the de
point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. look this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement is because it's not easy to do. we know we're not going to get everything we want and she's not going to get everything she wants. >> [inaudible] why would...
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991
Dec 11, 2013
12/13
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CSPAN
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and it does not raise taxes. and it cuts spending in a smarter way. from the outset, we knew that if we forced each other to compromise a core principle he would get nowhere. that is why we decided to focus on where the common ground is. so that's what we've done. that means to me a budget agreement that reduces the deficit without raising taxes and replaces some of the arbitrary, across-the-board spending cuts with smarter, permanent reforms that pay for this relief. the house budget reflects our ultimate goals it. balanced the budget within 10 years, it pays off the debt, but i realize that that is not going it pass in this divided government. i see this as agreement as a step in the right direction. in divided government you don't always get what you want. that said, we still can make progress toward our goals. i see this agreement as that kind of progress. as a step in the right direction. and so the arbitrary cuts, we make smart, targeted reforms. we eliminate waste. we stop sending checks to criminals. we cut corporate welfare. we reform some ma
and it does not raise taxes. and it cuts spending in a smarter way. from the outset, we knew that if we forced each other to compromise a core principle he would get nowhere. that is why we decided to focus on where the common ground is. so that's what we've done. that means to me a budget agreement that reduces the deficit without raising taxes and replaces some of the arbitrary, across-the-board spending cuts with smarter, permanent reforms that pay for this relief. the house budget reflects...
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73
Nov 20, 2013
11/13
by
CSPAN3
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eye 73
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a lot want to reform our tax system. so do i. there will be differences on the details and those details matter. i'll fight very hard for them. we shouldn't think somehow the reason we have these problems is because our policy differences are so great. >> details are important enough to shut down the government just a couple weeks ago. and everybody knows we're headed back toward showdowns again, january budget, february, debt ceiling. jack lew was here earlier and said he thought the system crossed a threshold in october and realized it doesn't want to go back and do that again. are you confident it won't go back and do that again. by the way, oecd, organization of economic cooperation development, suggested that the u.s. get rid of the debt ceiling entirely. would you be in favor of that? >> i think that the way our system is set up is like a loaded gun. once people thought we can get leverage on policy disputes by threatening default, that was an extraordinarily dangerous precedent and that's a principle i had to adhere to but
a lot want to reform our tax system. so do i. there will be differences on the details and those details matter. i'll fight very hard for them. we shouldn't think somehow the reason we have these problems is because our policy differences are so great. >> details are important enough to shut down the government just a couple weeks ago. and everybody knows we're headed back toward showdowns again, january budget, february, debt ceiling. jack lew was here earlier and said he thought the...
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1.1K
Mar 12, 2013
03/13
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CSPAN
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by including progrowth reforms like tax reform, we are making it easier for businesses to be competitive. let me turn it over to diane
by including progrowth reforms like tax reform, we are making it easier for businesses to be competitive. let me turn it over to diane
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2.1K
May 19, 2013
05/13
by
FOXNEWSW
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with the big spike in political groups at the citizens united supreme court ruling were asking for tax exempt status. i want to go to the inspector general report on that. he said that 298 groups received special scrutiny. of those, 96 were tea party type groups. that means then congressman that two thirds of the groups that received special scrutiny were not tea party type groups. >> chris from just this one hearing is that groups with the word progressives or organizing, groups with liberal persuasion did not have this targeting. they went through. they were approved. so we know that they specifically targeted people based on their political beliefs. based on people who had suspicion of the size and direction of government. based on tea party and 9 h-12 and the word patriots. we know they targeted people based on political beliefs. allegations based on religious beliefs contrary to the president's positions. credible allegations that donners to the groups were targeted. we know that the irs leaked private confidential information to the public which served political purposes. so ther
with the big spike in political groups at the citizens united supreme court ruling were asking for tax exempt status. i want to go to the inspector general report on that. he said that 298 groups received special scrutiny. of those, 96 were tea party type groups. that means then congressman that two thirds of the groups that received special scrutiny were not tea party type groups. >> chris from just this one hearing is that groups with the word progressives or organizing, groups with...
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203
Mar 13, 2013
03/13
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FOXNEWSW
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eye 203
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patry ryan says there is a democrat that deals with the tax increases. president obama was one that -- in fact, every time he tries to propose a budget, it fails in the senate with zero -- >> dana: this is the first time in 92 years the congress moved forward ahead to the president. >> bob: what are the $7 trillion in cuts? >> you can watch paul ryan on "hannity" tonight. >> eric: he talks about hitting entitlement spending. he is very aggressive the things that maybe some of the other people in the house might not like. >> andrea: this is by design. he looks moderated today. you the progressives on the left, hammering him on the chain cpi. he looks presidential, finally, five years late going to work on the hill he is pulling a clinton. like he is triangulating. he knows the progressives have nowhere else to go. this is good. the left wing, after me, i moved to the middle, though we know he has not. >> dana: one group is not happy. congressional black caucus said to president obama they are unsatisfied with the number of african-americans who have been
patry ryan says there is a democrat that deals with the tax increases. president obama was one that -- in fact, every time he tries to propose a budget, it fails in the senate with zero -- >> dana: this is the first time in 92 years the congress moved forward ahead to the president. >> bob: what are the $7 trillion in cuts? >> you can watch paul ryan on "hannity" tonight. >> eric: he talks about hitting entitlement spending. he is very aggressive the things...
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61
Aug 1, 2013
08/13
by
FOXNEWSW
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eye 61
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what that means, is get the tax rates down, broaden the tax base. the idea being it's your money in the first place, you keep it. instead of having really high tax rates with a bunch of loopholes where you send your money to washington, we switch it around in bureaucracy. if you engage in behavior that we approve of, we'll let you have money back. that's crony capitalism, making it harder for families to get by. lower everybody's tax rates across the board, create more jobs, more take-home pay. that's what we're all about. we're going to be bringing this out in the fall. >> all right. quick question. estate taxes, what do you predict? >> everything is on the table. >> everything is? >> i'm not going into specks. we're still getting input. we're putting it together. everything is on the table. >> congressman, we want your reaction to a new poll. take a look. your favorability is 65%. senator rand paul is next with 55%. marco rubio with 50% and governor chris christie with 47%. what do you think about the results? >> i'm an irish catholic. i have a lo
what that means, is get the tax rates down, broaden the tax base. the idea being it's your money in the first place, you keep it. instead of having really high tax rates with a bunch of loopholes where you send your money to washington, we switch it around in bureaucracy. if you engage in behavior that we approve of, we'll let you have money back. that's crony capitalism, making it harder for families to get by. lower everybody's tax rates across the board, create more jobs, more take-home pay....
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1.6K
Jan 27, 2013
01/13
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KNTV
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this dream line shows you the historic taxes. the red line is tax increases. the red line, where spending is going. spending is the problem. revenues aren't the problem. if you keep chasing higher spending with higher revenues as they're calling for, you're going to hurt economic growth. you'll never catch up. you'll shut down the economy and you won't get the budget down. >> when you were campaigning in virginia, a state you wanted to carry but didn't, you said, look, these sequestration cuts, these automatic spending cuts that are put in place because republicans and democrats can't agree, so you have to have this sword that comes down, you said we're not going to let those happen. those will not happen, those automatic spending cuts. well, now we have a new deadline coming up in a couple of months that says there's going to be more automatic spending cuts, the same ones that were in place before. >> that's right. >> are you going to let those happen? >> if mitt romney and i won the election, they would not have happened because we would have gone and worked
this dream line shows you the historic taxes. the red line is tax increases. the red line, where spending is going. spending is the problem. revenues aren't the problem. if you keep chasing higher spending with higher revenues as they're calling for, you're going to hurt economic growth. you'll never catch up. you'll shut down the economy and you won't get the budget down. >> when you were campaigning in virginia, a state you wanted to carry but didn't, you said, look, these sequestration...
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114
Mar 17, 2013
03/13
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FBC
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eye 114
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i tend to lead toward the flat tax/fair tax. a flat tax put across the board and a consumption tax or payroll taxes which are still come what progressive. >> weird things about how opinions and politicians change. even president obama believes in lower tax rates or at least he did a year ago in something called principles for tax reform he says and the number one principle for tax reform lower tax rate. the tax system should be simplified and work for all americans with lower individual and corporate tax rates and fewer brackets. isn't that what the flat tax is all about? >> yeah. the flat tax basically gets people out of the tax so they can devote all of their brine cycles to their business. that is one of the great virtues and draws people together. if everybody is paying the same rate then i think we can unify this country again. and to mark's worry some what justifiable about the regressive nature toward poor people, just had a $30,000 or $40,000 or $50,000 the first 30, 40, 50 is exempt from taxes. so it doesn't hit the poo
i tend to lead toward the flat tax/fair tax. a flat tax put across the board and a consumption tax or payroll taxes which are still come what progressive. >> weird things about how opinions and politicians change. even president obama believes in lower tax rates or at least he did a year ago in something called principles for tax reform he says and the number one principle for tax reform lower tax rate. the tax system should be simplified and work for all americans with lower individual...
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95
Feb 3, 2013
02/13
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WJLA
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they said we want a territorial tax systemem. obama quicklturned around and said of what a minimum tax on foreign earnings. they saiaid we need to maximize our natural resources. >> perhaps he was looking out for himself in running the jobs council? >> there was that kind of tension.n. the jobs cououncil was obama'' sounding board with corporatate america. in manany recommendations, the administration wiwith the other waway. any outage will be more informal. >> he rarely met face to face with them. what do you make on the outlook for jobs? >> the bs council w was a talking popoint for thee white house. ththey have now giving -- they have now given it to the republicicans are shutting it down. republicans say this is proroof the white house does not care about jobs. threvised numbers from november and dember indndicate room for optimism. the econonomy is growing at a slower pace. there are a lot of uncertainties. what is not going t to helplp is the payroll ta increase. they w will notelp the economy. >> i am not happy at all abou
they said we want a territorial tax systemem. obama quicklturned around and said of what a minimum tax on foreign earnings. they saiaid we need to maximize our natural resources. >> perhaps he was looking out for himself in running the jobs council? >> there was that kind of tension.n. the jobs cououncil was obama'' sounding board with corporatate america. in manany recommendations, the administration wiwith the other waway. any outage will be more informal. >> he rarely met...
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45
Sep 1, 2013
09/13
by
CSPAN
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eye 45
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you could always raise taxes on the rich. you're getting to the point where you're getting more and more from the rich. hit a little bit of money? yes. the point i'm trying to make, if you look at the size of the hole, if you look at how much money is engaged in what is going to happen to the federal budget, this is tough times. we have to have taxes, spending cuts, program adjustments. of course you can walk away from it. we put out his big thing a couple of weeks ago. you do not want to fight with anyone. we want to see if we can tell the truth in this town. you would have a different agreement. >> i wanted to go back to immigration. it provides a case in point. the 14th senate republicans who voted for the bill that you wanted, only four have been supported by the chamber. they have said that they cannot support the senate bill. i am wondering where your confidence comes that something will get done. can go into next year. the toughest votes will come after the primary season when some of the republicans will not feel ther
you could always raise taxes on the rich. you're getting to the point where you're getting more and more from the rich. hit a little bit of money? yes. the point i'm trying to make, if you look at the size of the hole, if you look at how much money is engaged in what is going to happen to the federal budget, this is tough times. we have to have taxes, spending cuts, program adjustments. of course you can walk away from it. we put out his big thing a couple of weeks ago. you do not want to fight...
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47
Mar 12, 2013
03/13
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FBC
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eye 47
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so if you try to taxes, bring it back and tax it, would that work? it seems companies would find another way around that. >> that is the alternative they have now. and some do. avon just announced they would bring some of it back. there were about a little bit of a cash crunch. other companies have found ways to bring it back where they have existing tax credits, so they have to pay more taxes, so companies bring some back. they can bring it back tomorrow. melissa: president obama always talks about ending taxes for companies that create jobs overseas and that is a roundabout way of saying nobody is try to keep corporate profits here and tax them, is there any way to achieve best t that to ge money back? can he change the tax code? >> there are people in corporate america that say the number one way to do th is to cut the corporate tax rate. our 35% is higher than most other countries in the world. a few places it is higher than it is here, but it is higher than in most other countries, so i think business groups with a one way to get it back here is
so if you try to taxes, bring it back and tax it, would that work? it seems companies would find another way around that. >> that is the alternative they have now. and some do. avon just announced they would bring some of it back. there were about a little bit of a cash crunch. other companies have found ways to bring it back where they have existing tax credits, so they have to pay more taxes, so companies bring some back. they can bring it back tomorrow. melissa: president obama always...
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121
Jan 23, 2013
01/13
by
CSPAN2
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eye 121
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taxes on corporations. as long as we don't do that and protect big businesses we're going have a hard time as republicans being the party that actually gets a majority. and presidential races. [inaudible] balance in ten years and the -- [inaudible] majority of republicans so that a ten year balance budget has to cut more than the -- [inaudible] think about this. for leadership to look at you and we're going do a ten-year budget which in many ways is the roc tbrujt last year, plus you have to understand, there's been another year of erosion in the numbers because of what the administration has done. it's -- this is going to be our position as the conference. that's actually one of the beautiful things here. i think they can't. when you put that up and say this is the budget for the team, and many of us on the conservative side are often fussed at for why didn't you play nice we are the team. well, we'll always play great with the team when we're doing what is conservative. what happens when the number is con
taxes on corporations. as long as we don't do that and protect big businesses we're going have a hard time as republicans being the party that actually gets a majority. and presidential races. [inaudible] balance in ten years and the -- [inaudible] majority of republicans so that a ten year balance budget has to cut more than the -- [inaudible] think about this. for leadership to look at you and we're going do a ten-year budget which in many ways is the roc tbrujt last year, plus you have to...
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60
Feb 17, 2013
02/13
by
CSPAN
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eye 60
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that included on taxes. -- that is imploded on taxes. now with president obama's win on taxes around the fiscal with the're left sequestered. there are some hard feelings on what happened on the tax bill. there are ardent conservatives, the peak -- the tea party people around here who see that as a way to lock in budget cuts and nobody seems to be able to avoid it. and quite frankly, it seems like there has been a recognition that the only way to stop the sequester is to let it happen and let us feel the effects. what we heard from chairman joe -- chairman rogers is a description of the problem that he does not have the solution and nobody appeared as. >> so sequestration happens. are you saying they go back and fix it? through what mechanism? >> that is unclear. >> @ think everybody is hoping -- overall, lawmakers like hal rogers are hoping that this is my take away, that once it happens, they cannot stop until march 1. i don't think they see any way to do it until then. but he hopes that people will but he hopes that people will see th
that included on taxes. -- that is imploded on taxes. now with president obama's win on taxes around the fiscal with the're left sequestered. there are some hard feelings on what happened on the tax bill. there are ardent conservatives, the peak -- the tea party people around here who see that as a way to lock in budget cuts and nobody seems to be able to avoid it. and quite frankly, it seems like there has been a recognition that the only way to stop the sequester is to let it happen and let...
73
73
Oct 11, 2013
10/13
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CSPAN
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what about the medical tax repeal? even if it is paid for -- what is the sense of the caucus on that? act wasffordable care thereated, was litigated, was a national election that took place in which president obama was reelected. the american people have spoken. they want this law to have a chance. we believe that once this law was given the opportunity, it manyprovide insurance for -- for millions of americans. is that what my colleagues are afraid of? they want to deny coverage to individuals who have not had the opportunity. we say no. we recognize the importance of this bill, this act, this law. it has all been about? shutting down the united states government, threatening to default on national debt -- it has come down to one small, particular aspect of the affordable care act? really? is that what we shut the government down for? >> what is it about? >> you have to ask the republicans at this point. the republican caucus shut down the government. threatening to default on the national debt. that is clear. it wase
what about the medical tax repeal? even if it is paid for -- what is the sense of the caucus on that? act wasffordable care thereated, was litigated, was a national election that took place in which president obama was reelected. the american people have spoken. they want this law to have a chance. we believe that once this law was given the opportunity, it manyprovide insurance for -- for millions of americans. is that what my colleagues are afraid of? they want to deny coverage to individuals...
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102
Mar 17, 2013
03/13
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continue raising taxes? let's control spending. washington spending is in the highest level in the history of our country. there's not a tax ref new problem. there's a spending problem. it's not only hurting washington and our ability to balance the budget. it's hurting our economy. and people in the country are going wait a minute. we manage to live within our means. why can't washington figure this out? >> we're at record low levels in terms of discretionary spending. we haven't had it this low since the eisenhower administration. so where does that come from? because as you know, democrats are not going to touch those entitlement programs unless you are willing to touch revenue. do you think we can really cut more? >> it's going to have to be addressed one way or another. mandatory spending is the biggest part hasn't been addressed by congress. obama care is part of mandatory spending. every report of obama care each report says it's going to cost more money and add more to the deficit than the prior repo
continue raising taxes? let's control spending. washington spending is in the highest level in the history of our country. there's not a tax ref new problem. there's a spending problem. it's not only hurting washington and our ability to balance the budget. it's hurting our economy. and people in the country are going wait a minute. we manage to live within our means. why can't washington figure this out? >> we're at record low levels in terms of discretionary spending. we haven't had it...
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Mar 12, 2013
03/13
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tax season is here. well, of course with tax season comes a lot of fraud scams and our next panel is happy to tell you all about it and hopefully arm consumers with additional information that they can watch out for to avoid becoming victims of common tax fraud schemes. with us today we have carol, she's a counsel in the tax division of the department of justice. and robert, the acting director in the global financial crime section in the internal revenue service criminal investigation division. so thank you, why don't you begin, tell us what to watch out for. >> ok, well, i think what most taxpayers are and should be aware of are two different types of scams that might be perpetrated on them during tax season. the first is something that happens without their knowledge, their identities stolen and tax return is filed in their name and they have no idea that happens until they try to file a tax return or they get some kind of notice from the i.r.s. that something is going on with their account that they
tax season is here. well, of course with tax season comes a lot of fraud scams and our next panel is happy to tell you all about it and hopefully arm consumers with additional information that they can watch out for to avoid becoming victims of common tax fraud schemes. with us today we have carol, she's a counsel in the tax division of the department of justice. and robert, the acting director in the global financial crime section in the internal revenue service criminal investigation...
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Mar 22, 2013
03/13
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FBC
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the law undreamt line of what was supposed to be a tax piece. it restores many of the cruel automatic spending cuts. all is missing is a line like thank god for the democrats. then it was also considered a cheese head. it starts out fair and factual enough. under the rhine plan, the government subsidizes it. the only famous unnamed critics who say all of this would mean ever shocking. he is heartless and soulless and probably the double in pinstripes. it is one thing when they say it was all but a sham. it is another thing for them to prove that it is an even bigger sham. they are darn near inbred watching politicians who continue to say that we don't have a spending problem. and one that is only trying slow down the growth of the spending. fair and balanced. try over and out. dick armey says that he is over the top of the house of representatives. i am not saying give republicans a pass. i am saying to treat them equally and with the same ferocity. and i do not. >> thing that is most frightening about what you just read is that this has become
the law undreamt line of what was supposed to be a tax piece. it restores many of the cruel automatic spending cuts. all is missing is a line like thank god for the democrats. then it was also considered a cheese head. it starts out fair and factual enough. under the rhine plan, the government subsidizes it. the only famous unnamed critics who say all of this would mean ever shocking. he is heartless and soulless and probably the double in pinstripes. it is one thing when they say it was all...
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Jan 2, 2013
01/13
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they were the anti-tax party. we have a story that just popped up on politico where the lead is read their lips. republicans just voted to raise taxes for the first time in 20 years. that's going to be tough for speaker boehner an others to answer for. >> a phrase, is this a big win for president obama or did republicans get anything out of this? >> it's -- for now, it's all big win for president obama. republicans hope that in the next couple months when they're negotiating the debt ceiling, the other deals ahead, that's when they will get their pound of flesh. hard to see. the place this hurts the president is in his second term agenda now there's all this fiscal overhang. the president last night saying get rest, we have a lot to of work do in 2013, this overhang will make it difficult to do guns, all the things he was outlining on sunday with david gregory, now the system is full, and it will be hard to do those. >> we'll see you a bit on "morning joe". >> have a lucky 2013. >>> the markets have been keeping c
they were the anti-tax party. we have a story that just popped up on politico where the lead is read their lips. republicans just voted to raise taxes for the first time in 20 years. that's going to be tough for speaker boehner an others to answer for. >> a phrase, is this a big win for president obama or did republicans get anything out of this? >> it's -- for now, it's all big win for president obama. republicans hope that in the next couple months when they're negotiating the...
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Oct 25, 2013
10/13
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COM
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$9 billion. >> because the majority of deal is expected to be tax deductible. >> son of a bitch n. this confirms what i said settlements for malfeasance and donations do breast cancer charities are equal in the eyes of the law. the passion and drive from so many cnbc and financial analysts goes solely in one direction and not in the direction you normally associate with journalism. here is maria reacting. >> i think any time you are looking at the greatest fine in wall street regulation it's worth asking should this guy stay in his job. >> the company continues to churn out tens of billions in earning and hundreds of billions in revenue, how do you criticize that? >> jon: because profit is the only way we judge things. only at cnbc is breaking bad the story how one man through hard work and bad business practices sloally insulates himself from criticism watch as they suggest there may be other ways of looking at morgan chase. >> a lot of earnings and \revenue/receive knew we've seen come from shady dealings. >> come on. >> it's a fact. it's in the news. >> what is the fact? >> they
$9 billion. >> because the majority of deal is expected to be tax deductible. >> son of a bitch n. this confirms what i said settlements for malfeasance and donations do breast cancer charities are equal in the eyes of the law. the passion and drive from so many cnbc and financial analysts goes solely in one direction and not in the direction you normally associate with journalism. here is maria reacting. >> i think any time you are looking at the greatest fine in wall street...
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May 19, 2013
05/13
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CSPAN
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one is corporate tax reform and the other is individual tax reform. on corporate tax reform, i think everybody agrees that we should look for a way to reduce the rate by broadening the base. the united states corporate tax rate is higher -- the top rate is higher than most countries. but the average taxes actually -- paid by a lot of u.s. corporations middling because they get so many deductions, but those distractions -- deductions are distributed differently depending on what kind of business you are in. we should reform that. we should also look at the individual tax code. we want to see our republican colleagues plans. for years now, they have been saying that they have this plan to reduce the top rate that does not increase the deficit. but they have not put it on paper. for three years -- show us your plan. last december, the speaker said he had a plan to raise $800 billion by eliminating tax breaks which he said could be done by eliminating breaks for high income people. let's see your plan. again, we keep hearing this talk. we heard talk about
one is corporate tax reform and the other is individual tax reform. on corporate tax reform, i think everybody agrees that we should look for a way to reduce the rate by broadening the base. the united states corporate tax rate is higher -- the top rate is higher than most countries. but the average taxes actually -- paid by a lot of u.s. corporations middling because they get so many deductions, but those distractions -- deductions are distributed differently depending on what kind of business...
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May 4, 2013
05/13
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CSPAN2
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capital gains taxes have been lowered drastically cut income taxes top margins, corporate taxes are so full of holes to say we have a corporate tax isn't even reality anymore for a lot of large companies. this is something that started in the carter administration, not the reagan administration. its continued off and on for 35 years and the 1% had been a very accustomed to this favorable tax situation they have for themselves and the overriding concerns and everything else is to maintain and extend it the best they can. there's been some hiccups in january when the fiscal quiff deal eliminated some of the bush tax cuts. only some of them. but for the most part, this sort of favorable tax situation for the wealthy has been kept in place. the the reality is the we do have an aging population in this country. we will have to pay more to support them. there's figures on this. social security amounts to about 4.5% of gdp the will go up to about 6%. we will have to pay more. the overriding concern of the elite is to make sure that that extra burden doesn't fall on them. the way to do that is
capital gains taxes have been lowered drastically cut income taxes top margins, corporate taxes are so full of holes to say we have a corporate tax isn't even reality anymore for a lot of large companies. this is something that started in the carter administration, not the reagan administration. its continued off and on for 35 years and the 1% had been a very accustomed to this favorable tax situation they have for themselves and the overriding concerns and everything else is to maintain and...
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Jan 27, 2013
01/13
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they believe we should have tax reform. we have the highest corporate tax rate in the world. we are taxing our small businesses at rates higher than corporations. when we tax our job creators
they believe we should have tax reform. we have the highest corporate tax rate in the world. we are taxing our small businesses at rates higher than corporations. when we tax our job creators
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Dec 13, 2013
12/13
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code word -- tax code. thisman camp has worked on rewrite. we are very close to a complete draft, the first one since president reagan did it, to start the process of have a national discussion on fixing the broken code. i am ready to do it tomorrow, but we have issues we have to work through before that happens. host: what do you think of the chances of that draft being put out there for debate on the floor in 2014? see it. would love to i do not know the timing of all of this, but i would love to see that discussion. we have gone through thousands of special provisions asking simple questions -- is that provision for some more rateswth than lowering for everyone? are, many are not. i would love to have that debate. anti-gay would jumpstart our economy. host: part -- i think it would jumpstart our economy. host: karo. michigan. we go to arlington every december, and washington is enormous. i cannot believe the buildings and the people. the afternoone in with lanes and lanes of traffic leaving town. governm
code word -- tax code. thisman camp has worked on rewrite. we are very close to a complete draft, the first one since president reagan did it, to start the process of have a national discussion on fixing the broken code. i am ready to do it tomorrow, but we have issues we have to work through before that happens. host: what do you think of the chances of that draft being put out there for debate on the floor in 2014? see it. would love to i do not know the timing of all of this, but i would...
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Mar 17, 2013
03/13
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taxes? control spending. washington spending is at the highest level in the history of the country. there is a spending problem in washington. it is not only heard in washington and our ability to balance the budget, it is hurting the economy. people in the country are going we men are managing to live within our means, why can -- we are managing to live within our means, why can't washington figure it out? >> as you know, democrats will not touch entitlement programs, she were willing to touch revenue. the you think we can really, think we canu really cut more? >> obama care is part of mandatory spending. each report says it will cost more money and add more to the deficit in the prior report. we have to address that problem. medicare right now is scheduled to go bankrupt. people say do not touch medicare. that means let it go bust. that is not right for seniors. it is not responsible for my generation and my kids. we have a plan to save it for bankruptcy so current seniors there would be n
taxes? control spending. washington spending is at the highest level in the history of the country. there is a spending problem in washington. it is not only heard in washington and our ability to balance the budget, it is hurting the economy. people in the country are going we men are managing to live within our means, why can -- we are managing to live within our means, why can't washington figure it out? >> as you know, democrats will not touch entitlement programs, she were willing to...
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Jan 27, 2013
01/13
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the senate voted to prevent tax hikes and 98% of americans. and made the lower tax hikes permanent. president obama got less revenue than the speaker offered in the first place. in short, there is no way we were going to get a better deal for the american tax payer. we wanted to keep tax hikes low for everybody. we wanted to cut spending. otherwise every single taxpayer would have paid higher taxes and our economy would have gotten into a nosedive. the decision was simple. if you think a bill needs to pass, you vote for it. many of my colleagues voted the other way. i respect their decision. prudence demands mutual understanding, especially among friends. my colleagues and i saw the same thing. we wanted a smaller, smarter government. we simply differed on the means. that is the difficulty of governing. it should not be a cause for division. our tactics will differ from issue to issue, but our strategy remains the same. in the next four years, opportunity will not come easily. we have to pay our bills and make sure we can pay our bills tomorrow. to do that, we need to cut spending a
the senate voted to prevent tax hikes and 98% of americans. and made the lower tax hikes permanent. president obama got less revenue than the speaker offered in the first place. in short, there is no way we were going to get a better deal for the american tax payer. we wanted to keep tax hikes low for everybody. we wanted to cut spending. otherwise every single taxpayer would have paid higher taxes and our economy would have gotten into a nosedive. the decision was simple. if you think a bill...
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Feb 17, 2013
02/13
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and that gets us into the big questions, the big debate about spending and entitlement cuts and taxes and so on. so i'm hoping that we can get back to regular order. that's been my goal in this job since i've had it, try to get us back to the point where we pass individual bills under open rules, amend them, perfect them, send them to the senate, they do the same, and then we have a conference with the senate to work it out. that's the way the place is supposed to operate. and i've been trying to get us back to that point. but you've got to have two parties to tango. and the house has tangoed and the senate was asleep. >> what about putting the pentagon bill on to the c.r.? >> and in the continuing resolution that i hope we can put together, i'd like to take the house-passed and the senate-passed appropriations for the defense department and military construction and veterans. those two bills. i'd like to take what we passed through the house and senate and conference, and we've agreed on those bills, i'd like to insert them in the c.r. which would give the pentagon some much-needed f
and that gets us into the big questions, the big debate about spending and entitlement cuts and taxes and so on. so i'm hoping that we can get back to regular order. that's been my goal in this job since i've had it, try to get us back to the point where we pass individual bills under open rules, amend them, perfect them, send them to the senate, they do the same, and then we have a conference with the senate to work it out. that's the way the place is supposed to operate. and i've been trying...
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Mar 12, 2013
03/13
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the "washington post" reports the democrats proposal would raise about a trillion in new taxes, while cutting a trillion in spending. marrying up those two plans won't be easy. then, of course, president obama is expected to announce his own budget in april two months behind schedule. >> the president always believed the deficit reduction is not a goal unto itself. it should be part of an overall policy objective of strengthening the economy, st having it grow faster and create more jobs for the middle class. that's why he's always made sure that the proposals he put forward keep the number one objective in mind, which is economic growth and job creation, not deficit reduction solely for the purpose of reducing the deficit. >>> in gotham city, the ban on large sugary drinks was reversed it came as a blow for mayor michael bloomberg who is an outspoken advocate for the prevention of obesity. he spoke about it on "the late show with david letterman." >> we heard today the sugary 16-ounce soda ban has been overruled by a state court? >> state court judge said we didn't have the authority
the "washington post" reports the democrats proposal would raise about a trillion in new taxes, while cutting a trillion in spending. marrying up those two plans won't be easy. then, of course, president obama is expected to announce his own budget in april two months behind schedule. >> the president always believed the deficit reduction is not a goal unto itself. it should be part of an overall policy objective of strengthening the economy, st having it grow faster and create...
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Mar 13, 2013
03/13
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CURRENT
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they are interested in cutting taxes for rich people. they are not interested in balancing the budget. reagan taught them deficits don't matter. >> michael: and that's it and they just keep doing the same thing, and now it appears the polling is letting us know that the president's offensive is going down what does this say about the president? and this idea that the white house had? >> i think the -- the reason the president's numbers are dropping is because nothing is getting done. the reason the president's numbers are dropping is we elected him to do certain things, and the other side wants nothing to happen. so what you are turning this into is not a stymied people but a president who -- stymied president, but a president who has broken his promise. >> michael: right after the meeting nbc news is saying that paul ryan said the president did himself a lot of good. but he is the guy who beat paul ryan. go ahead. >> i just -- i have to say -- and i have to use -- you know, what my -- my grandmother used to say, is who is paul ryan when
they are interested in cutting taxes for rich people. they are not interested in balancing the budget. reagan taught them deficits don't matter. >> michael: and that's it and they just keep doing the same thing, and now it appears the polling is letting us know that the president's offensive is going down what does this say about the president? and this idea that the white house had? >> i think the -- the reason the president's numbers are dropping is because nothing is getting...
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Mar 13, 2013
03/13
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are taxing hours? we think the current tax code destroying jobs. it makes american business is much less competitive. that is why the ways and means committee wants to get more people working again. >> is that a shift in approach? >> our approach reflects exactly what the president's joint chiefs season minimum levels necessary to fund the mission for the pentagon. this is our first priority -- national defense. we're funding at the levels the joint chiefs say is necessary to maintain national security. >> you're talking about how the fiscal cliff deal and other improvements major job easier, but you still have to take steps to get a balance. what are those steps? >> one is a budget control act. we extend the budget control act. we also want to extend reforms on the public workforce on federal employees to include all federal employees so that their pension contribution matches those that are in the private sector. we do not think federal employees should be able to have pension systems that are far in
are taxing hours? we think the current tax code destroying jobs. it makes american business is much less competitive. that is why the ways and means committee wants to get more people working again. >> is that a shift in approach? >> our approach reflects exactly what the president's joint chiefs season minimum levels necessary to fund the mission for the pentagon. this is our first priority -- national defense. we're funding at the levels the joint chiefs say is necessary to...
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82
Dec 10, 2013
12/13
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CNNW
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he will need some tax increases. will you help the president now that we're in a new era looking for the grand bargain? >> this has tax increases. >> they call them fees. >> people in kansas will pay more money to washington and they know how that works. they had a big tax inl crease last january. the problem is spending. this deal raises spending at the end of the day. >> we are, we're very low. we did, we came up a little bit, not a whole lot. we're in a new era. there could be another bipartisan deal that could be more to your liking for deficit reduction. you and i both know, you will have to accept some tax releases. are you willing to get the debt off the backs. your kids? are you willing to compromise or whatever the word is with this president? >> this deal does not help the economy. we need a growing economy. we need less regulations and we haven't even talked about the president's health care plan. you have to roll back on something. >> i have to say that continuing with this sequester, this austerity budge
he will need some tax increases. will you help the president now that we're in a new era looking for the grand bargain? >> this has tax increases. >> they call them fees. >> people in kansas will pay more money to washington and they know how that works. they had a big tax inl crease last january. the problem is spending. this deal raises spending at the end of the day. >> we are, we're very low. we did, we came up a little bit, not a whole lot. we're in a new era. there...
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Mar 10, 2013
03/13
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the payroll taxes don't pay for the benefits going out. in medicare, on average a family gets about $3 back for every $1 you put in for premiums and payroll tax. and that's not understood right now. so in order to do what we have to do in a relatively short period of time-- because the-- i think the window is pretty short here-- i think it's the end of this year-- the president has a big rel to play. meeting with republicans is fine but i think it's more important to reach out to democrats democrats and let them know he has their back and reach out to the american people. >> schieffer: that's interesting, congressman here you have a republican senator saying what the president needs to do is get in touch with his own party peeled in your party. is he, and is there more he can do there? >> well, the president has been reaching out to democrats. the complaint from our republican colleagues in the past was that he was only reaching out to democrats. so i think this is a-- an important move forward. the president had been meeting with republic
the payroll taxes don't pay for the benefits going out. in medicare, on average a family gets about $3 back for every $1 you put in for premiums and payroll tax. and that's not understood right now. so in order to do what we have to do in a relatively short period of time-- because the-- i think the window is pretty short here-- i think it's the end of this year-- the president has a big rel to play. meeting with republicans is fine but i think it's more important to reach out to democrats...
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Dec 29, 2013
12/13
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the other issue that is always there that has a chance in 2014 is tax reform. congress is desperate to raise money. many people in both parties say close some loopholes, it's the best way the government can get more money quickly without raising tax rates. >>> coming up, hundreds of teens mobbed two shopping centers in two separate states. how it plays out and what is being done about it, next. >> i'm deployed on "uss harry s. truman." i would like to wish my brother and sister and nieces a very merry christmas and happy new year. [ male announcer ] this is george. the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turn
the other issue that is always there that has a chance in 2014 is tax reform. congress is desperate to raise money. many people in both parties say close some loopholes, it's the best way the government can get more money quickly without raising tax rates. >>> coming up, hundreds of teens mobbed two shopping centers in two separate states. how it plays out and what is being done about it, next. >> i'm deployed on "uss harry s. truman." i would like to wish my brother...
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Mar 12, 2013
03/13
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FBC
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taxes, any taxes from pr. tubes. are your clients saying, hey, get me out of this tax situation? >> is very interesting to sit there and think you can pick up and leave the united states. the big issue is are you ready to revoke your citizenship and all the benefits that go with that? when you look at the super rich they have that ability. if they are planning to sit theee and run off into the sunset, that's a viable option. for people making 400,000 to a million, which are considered wealthy individuals, that type of planning is not point to be realistic. >> if you're in part rick you keep your citizenship. the taxes you avoid. gerri: the best of both worlds. zero taxes on capital gains. 4 percent tax on business income. all the money coming made 15 billion money bet against the sub prime. gerri: nine and half billion right now. >> a $5 million home. it's just outrageous. the most hocritical of all. he was saying, we rich people pay our taxes. you should support us. don't give us a hard time. gerri: last word. >> i have an easy solution. instead of moving to burger rico , somebo
taxes, any taxes from pr. tubes. are your clients saying, hey, get me out of this tax situation? >> is very interesting to sit there and think you can pick up and leave the united states. the big issue is are you ready to revoke your citizenship and all the benefits that go with that? when you look at the super rich they have that ability. if they are planning to sit theee and run off into the sunset, that's a viable option. for people making 400,000 to a million, which are considered...